My afternoon train reads:

My dinner last night: My Cohort Believes QE Only Benefited Nation’s Wealthiest (Forbes)
• Chasing the hedge-fund lie (MarketWatch) see also Intelligence and Successful Investing Don’t Always Correlate (money&markets)
• Visualizing 193 Years Of Currency Regimes & Crises (Zero Hedge)
• The ‘Great Rotation’ That Isn’t So Great (MarketBeat)
• The leverage story banks want to hide (
• Lexus Dethroned by BMW Seeking Under-50s Buyers With IS (Bloomberg) see also Ford Focus Grabs Global Sales Crown as World Buys Small (Bloomberg)
• Beyond GDP and the rise of the non-monetised economy (FT Alphaville)
• Pirates of the Caribbean: Global Resistance to Tax Havens Grows (Spiegel) see also How the South Sea Bubble Created U.K.’s Modern Monarchy (Bloomberg)
• Good News, More People Are Quitting Jobs (WSJ)
• The Fine Line Between Political Intelligence and Insider Trading (DealBook)

What are you reading?


Thatcher’s Britain

Source: Economist

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

6 Responses to “10 Tuesday PM Reads”

  1. Mike in Nola says:

    The chart left out the North Sea Oil boom. There’s nothing like a lot of oil to make you look like know how to run an economy. Louisiana got by on it for a long time and even the incompetent, corrupt Saudi’s are considered an economic power simply because they have oil.

  2. mad97123 says:

    Beyond GDP and the rise of the non-monetised economy was interesting.

    A couple additional thoughts on GDP.

    A decline in government spending (good) is reflected as a decline in GDP (presumably bad). If IBM hires another researcher for $100,000, who doesn’t produce anything useful, there’s no effect on GDP, because nothing is produced. But if the Federal government hires another researcher, GDP increases, even if he’s useless.

    Increasing healthcare costs, or increasing resource extraction costs are counted as positive contributions to GDP when in reality they are a drain. Cutting down a forest is good for GDP, preserving one for future use is bad.

  3. RW says:

    How Unique Is Your Web Browser?
    Peter Eckersley
    Electronic Frontier Foundation,

    Abstract. We investigate the degree to which modern web browsers are subject to “device fingerprinting” via the version and configuration information that they will transmit to websites upon request. We implemented one possible fingerprinting algorithm, and collected these fingerprints from a large sample of browsers that visited our test site, We observe that the distribution of our fingerprint contains at least 18.1 bits of entropy, meaning that if we pick a browser at random, at best we expect that only one in 286,777 other browsers will share its fingerprint. Among browsers that support Flash or Java, the situation is worse, with the average browser carrying at least 18.8 bits of identifying information. 94.2% of browsers with Flash or Java were unique in our sample.

    Came across this article while researching better solutions to controlling supercookies (a good one for Firefox is the BetterPrivacy addon/plugin). Machine ‘fingerprinting’ is one of those things that probably should have been obvious given how many configurations are possible on any given piece of complex equipment but I hadn’t thought of it before.

  4. Mike in Nola says:

    As my daughter described it, Elian GonzaleZ finally pays off:

  5. S Brennan says:

    i saw this story on one of your earlier posts, from my FBook:

    Early days, but it ushers in a new era.

    Think of it as 911 repellant, what major city would be complete without a fire control unit atop the tallest skyscraper? Turn a hijacked airliner’s cockpit into an inferno for 30 seconds…

    Stop the bloody nonsensical wars and concentrate on making America & it’s Allies impregnable through the application of technology and industry. Note to the Bush/Obama administration, unlike bombing a country back to the stone age, technology, once developed, will find useful applications throughout society.

  6. Cato says:

    The misery index is the perfect measure of the state of Britain. This is quite a fun counter-history of a non-Thatcher Britain (caveat is political bias of source):

    It’s a shame we didn’t syphon off some of the North Sea Oil Boom into a sovereign wealth fund.